Sponsored Content
« Afternoon Open Thread: There's Something About Emma Edition | Main | Former CIA Counter-Terrorism Official Agrees With Washington Examiner: Yes, We Need to Declare Literal War on Half the Country aka "The Insurgents" »
February 03, 2021

The Short Squeeze – Entertainment Dollars That Carry A Populist Political Statement
[Buck Throckmorton]

With the GameStop short squeeze hitting too close to home, our cultural betters are once again tut-tutting about the rubes’ ignorant financial behavior. They liken it to the tulip bulb mania of centuries ago, wanting to believe that the runup in stock price is due to suckers trying to get rich quick by buying in on the way up, and then selling before the bubble bursts. They are thinking wrong – throwing $500 into GME stock is like a political contribution that absolutely hurts your political enemy, yet it may also bring a financial return.

Phetasy - Hedge Funds.JPG

Aside from the fact that there are only 47 million shares available for trade to support the 62 million shorts that hedge fund geniuses will have to buy at market price – which means a ton of wealth will be transferred from hedge funds to rubes – the motivation for so many of the “squeezers” is simply to stick it to the powerful and the connected. For a rube investing in the squeeze, losing their entire stake is like losing money in Vegas, it’s entertainment dollars that are chosen to be spent in that manner. Heck – a Hamilton ticket costs $500. Is $500 spent on going to war with hedge fund hotshots any less entertaining?

But unlike entertainment dollars spent on a Hamilton ticket or in Vegas, money thrown at the squeeze also has a socio-political impact.

If you want to make an impact with $500, would $500 given to a political party make a difference?

What if you gave your $500 to a foundation? At the 3% annual distribution rate, it would only take 33 years for your $500 to have fully worked its way into the hands of the cause you believe in.

What about giving the $500 to your favorite online political publication, or maybe to a think tank?

What about giving $500 to your alma mater?

In any of those scenarios, you would pretty much be flushing your money away with no chance of recouping a penny or seeing any good come of it. Yet the very intelligent people mocking you for squeezing the hedge fund guys are the same ones trying to get you to waste your money by giving it to these pet causes.

Well, messing with the financial parasites at hedge funds is a worthy pet cause. They would gladly destroy your business, terminate your job, and completely destroy your life for an extra buck…all the while laughing at you and mocking you. These same masters of the universe are now in a desperate bind, hoping their political connections can somehow bail them out and protect them from the most dangerous foe they’ve ever encountered. That foe is you.

Don’t spend any money on the short squeeze that you aren’t willing to part with. Also consider giving some of it to a legitimate charity. But if this is how you are allocating your entertainment dollars, what a remarkable show you’re participating in.

(buck.throckmorton at gmail.com)

digg this
posted by Open Blogger at 05:25 PM

| Access Comments

Recent Comments
Seems Legit: "Liz Cheney, Ron DeSantis, and Elon Musk are among ..."

Mark Andrew Edwards, Buy ammo, food, water: ""Things to Do in Denver when You're Dead" is a pre ..."

Random Internet Asshole: "Chemjeff is a regular commenter over at Reason whe ..."

BurtTC: "Chemjeff is a regular commenter over at Reason whe ..."

whig: "453 I like ScoggDog. Posted by: Mark Andrew Edwar ..."

Zombie Hans Gruber : "I was in a sad movie. ..."

ShainS -- The Humiliation is Part of the Kink [/b][/i][/s][/u]: " But trump wants to end the constitution! Reeee! ..."

Kindltot: "Y-Not flounced, and I tried to keep up with her fo ..."

Unmasked Unvaxxed Ranger Says Elon Musk Did Not Kill Himself: "You beat me to saying this. Such movies don't make ..."

... : "Chemjeff is a regular commenter over at Reason whe ..."

Unmasked Unvaxxed Ranger Says Elon Musk Did Not Kill Himself: "Even after he got swatted, he still didn't lose hi ..."

Beto Ochoa: "" He might be the craziest of the NT crowd now." ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64